Crypto supposes to be immutable and safe but it got hacked all the time.
ChatGPT described crypto hacking is:
Crypto hacking refers to the unauthorized access and manipulation of cryptocurrency systems and exchanges, with the intention of stealing funds or sensitive information. This can be achieved through various means such as phishing, malware attacks, and exploiting vulnerabilities in software. It is important for cryptocurrency users to practice good security measures such as using strong passwords and two-factor authentication to protect their assets and information.
The crypto industry lost $3B in 2022 due to hacking.
So why the digital assets get hacked all the time?
Technology continues progressing, the security is progressing too.
When someone creates money through new technology, it has yet to be tested without possibly exhausting its security until it gets breached.
As long as the security is connected to the internet, it is up for someone to grab.
The best way is to cut off the internet connection.
But since you also relied on the internet to transact the asset, it is difficult not to use the internet.
You just don't know when your digital asset is about to get hacked.
Photo by Alex Chumak on Unsplash
Note: the post was shared on multiple platforms here.
Don’t forget to check out my new book here
You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Bitcoin is not efficient
Why Ethereum killers are killing themselves
One more thing NFT can do
Mother of all bubble
Crypto is a good investment or not
Say no to FOMO
About my new book
Market is up today but why
What is up with market today
